Overall Technical outlook

Price Summary

Chennai Petroleum Corporation Limited's stock started the year at 628.95, climbed to a high of 664.1, fell to 611.8, and closed 0.33% up at 631.0, with 5247911 shares traded on 2025-04-25.
The highest price the stock achieved in the past 52 weeks is 1220.0, while the lowest price it saw is 451.6.

Technicals

Support and Resistance: The price for CHENNPETRO is 631.0, with support at 594.3 and resistance at 632.4. This suggests a range where 594.3 acts as a base, preventing declines, and 632.4 caps gains, defining key trading levels.
CHENNPETRO supportResistance e46ce8
Support/Resistance for CHENNPETRO


Aroon: The bullish trend in Aroon continues for CHENNPETRO, with Aroon Up maintaining its position at the 100 level. This suggests sustained upward momentum, but further analysis is needed, especially in combination with other indicators, to confirm the trend's future prospects.
CHENNPETRO aroon e46ce8
Aroon chart for Chennai Petroleum Corporation Limited


Bol. Bands: The current state of the BOLL BANDS is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment.
CHENNPETRO bbands e46ce8
Bolinger Bands chart for Chennai Petroleum Corporation Limited


Parabolic SAR: The PSAR for CHENNPETRO maintains a bullish outlook, establishing a crucial support level that may help maintain the current upward momentum. This strong support suggests that the market is poised to continue its upward trend, providing confidence in the ongoing bullish sentiment.
CHENNPETRO psar e46ce8
Parabolic Stop and Reverse chart for Chennai Petroleum Corporation Limited


Stochastic: The stochastic indicator for CHENNPETRO shows the K-line falling below the D-line, while remaining above 80, suggesting a possible beginning of a bearish price move. This configuration may indicate that the market's upward momentum is losing steam, potentially leading to a downward trend. Traders should watch closely for further confirmation of this shift.
CHENNPETRO stoch e46ce8
Stochastic chart for Chennai Petroleum Corporation Limited


Tripple Moving Agerage: The current reading of the Tripple MOVING AVG is neutral for CHENNPETRO, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction.
CHENNPETRO trippleSMA e46ce8
Tripple SMA chart for Chennai Petroleum Corporation Limited


Before focusing on technical indicators like stock price and volume, it's important to consider a company's fundamentals. These include financial metrics such as profitability, revenue growth, and debt levels. Furthermore, understanding the industry landscape, including competition and consumer trends, provides essential context. By combining this fundamental analysis with technical data, investors can make more informed decisions and draw deeper conclusions about the company's potential for future growth and success.